The fees are actually a bit higher, 5% from the buyer and 5% from the seller. I haven’t seen a management fee with either of those, though, at least with the si

The fees are actually a bit higher, 5% from the buyer and 5% from the seller. I haven’t seen a management fee with either of those, though, at least with the single issue purchases - their multi-company funds might be different. And you do own shares in an SPV instead of owning the shares outright, but that’s a lot of what makes the lower minimums possible. What ownership/distribution issues have you seen?